BofA’s Hartnett Says Fed Cut Could Signal Trouble for Economy
- Rate cut may bring back hard landing fears, be good for bonds
- US equity funds get $4.6 billion in seventh week of inflows
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A Federal Reserve interest rate cut could be a signal of trouble for the economy, according to Bank of America Corp. strategists.
US equities have been rallying since October as the economy and company earnings held up despite the higher-for-longer rates environment. Investors are hoping the US central bank will start to ease policy before economic growth is significantly harmed.